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We provide advice, comment, information, and technical tips across all our services and sectors.

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Furnished holiday lettings

Posted on: July 3rd, 2018 by Leighton Reed No Comments

The pros and cons of letting furnished holiday accommodation.

When furnished holiday property is let on a commercial basis for short periods, the owner can benefit from certain tax reliefs which wouldn’t otherwise be available to residential landlords, providing certain conditions are met.

However, there are also several disadvantages associated with letting property as holiday accommodation whether or not the furnished holiday letting conditions are met. (more…)

Campaigning, Lobbying and Political Activity

Posted on: July 3rd, 2018 by Sarah Case No Comments

Month seven of our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity focuses on charity campaigning, lobbying and political activity. (more…)

Update on the VAT treatment of electronic searches

Posted on: June 25th, 2018 by Liz Maher No Comments

The Law Society met with HM Revenue & Customs and has now released interim guidance on how HMRC intends to approach the VAT treatment of electronic property searches. (more…)

How do you know if one buyer is the right buyer for your business?

Posted on: June 25th, 2018 by Seamus Gates No Comments

It was recently announced that Asda Walmart was to buy Sainsbury’s after the two chief executives reportedly hatched a plan to merge together in an off market deal.

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Businesses call for more government support

Posted on: June 14th, 2018 by Sarah Case No Comments

Four out of five entrepreneurs in the UK believe the government could do more to support their small business, research claims.

Aldermore surveyed 1,799 people, including 642 small business owners, and found 79% of respondents believed existing initiatives did not provide enough support to SMEs.

Apprenticeship levy funds go towards the training of apprentices, but only 36% of SMEs polled were aware of the funding and only 4% had accessed this form of government support. (more…)

Diversification in the Agriculture Sector

Posted on: June 14th, 2018 by Katherine Broadhurst No Comments

Farmers across the UK have begun to look towards diversifying their existing traditional farming businesses to increase profitability and reduce dependence on one source of income in an attempt to future proof their businesses.

Over the years, diversification options have become more widely known with coverage of the use of excess or poorer quality land for glamping campsites, conversion of barns into farm shops for selling own or local produce and even the establishment of farm parks. (more…)

Recent Changes to Welsh Government Financial Support

Posted on: June 12th, 2018 by Mike Fenwick No Comments

Following on from the publication of the Welsh Government’s new Economic Action Plan (EAP) there have been a number of changes to the process for businesses looking to access grant support in Wales. (more…)

Deadline for reporting benefits in kind nears

Posted on: June 4th, 2018 by Sarah Curzon No Comments

Most employers are currently getting their houses in order when it comes to reporting employee benefits and expenses ahead of the 6 July 2018 deadline.

At the end of the tax year, employers may need to inform HMRC if any taxable benefits were handed out to members of staff over the previous 12 months. (more…)

HMRC defers launch of digital accounts for individuals

Posted on: June 4th, 2018 by Leighton Reed No Comments

HMRC has delayed rolling out digital services for individuals, such as the simple assessment and dynamic coding changes.

The move was announced in an email sent to stakeholders, which confirmed the delay was down to a shift in key priorities driven by the need to free up civil servants for Brexit. (more…)

Travel and subsistence

Posted on: June 4th, 2018 by Nathalie Waterfield No Comments

Your obligations for reporting travel expenses.

Many employees need to travel as part of their job for various reasons, whether it’s acquiring new customers, working with current ones or attending conferences and events.

The system of benefits and taxation surrounding this essential economic activity is classed as ‘travel and subsistence’ in the eyes of the taxman. (more…)